Pages:

"If you're going to panic, do it fast and beat the crowd." ~ Jesse Livermore

Saturday, February 25, 2012

No G20 deal on IMF cash this weekend, pressure on Europe to do more

No G20 deal on IMF cash this weekend, pressure on EuropeReutersBy Luis Rojas and Alonso Soto | MEXICO CITY (Reuters) - The world's leading economic powers will not reach a deal this weekend to provide the IMF with more money to help ease the euro zone debt crisis because European leaders first need to do more ...

Euro Crisis Week Ahead as ECB Prepares Three-Year Cash OperationSan Francisco ChronicleFeb. 24 (Bloomberg) -- Following is a timeline of events scheduled for the next weeks after European governments approved a second bailout package for Greece and won concessions from private investors in their efforts to resolve the debt crisis.

G-20 set to press Europe over crisis firewallMarketWatchBy Polya Lesova, MarketWatch NEW YORK (MarketWatch) — European officials heading to Mexico this weekend will face strong pressure from other Group of 20 members to boost theeuro zone's firewall against the sovereign debt crisis that's plaguing the ...

What happens to the eurozone after the second Greek bailout?CNN (blog)This week's Wikistrat drill looks at possible future pathways for the eurozone. Greece: Should I pay or should I go now? The second bailout imagines Greece reducing its debt burden down to about 120 percent of its GDP from its current position north of ...

ECB Greek bond swap could raise euro zone yields -S&PReutersFRANKFURT (Reuters) - The European Central Bank may have made it harder for debt-strained euro zone countries to raise funding by exempting itself from taking losses on its Greek bond holdings, Standard & Poor's said on Friday.

EU expects eurozone to suffer mild recessionNorthJersey.comAP AP Olli Rehn, a top European Commission economic official, is predicting that the 17-nation eurozone will have a modest recession this year, despite recent signs of stabilization. While the contraction is expected to be relatively severe in Greece, ...NorthJersey.com

Eurozone to slip back into recession in 2012, EU officials predictAustin American-StatesmanBy Stephen Castle BRUSSELS — The European Union lowered its growth forecast Thursday for this year and warned that the eurozone would undergo a "mild recession," casting further gloom on the continent's economic prospects. The new figures are likely ...

Euro zone crisis: a pause for reflectionGlobalPost (blog)The euro zone crisis at half-time, what's going to happen next? (Sean Gallup/AFP/Getty Images) It's half-time in the euro zone crisis. So gather round and take a knee, and let's figure out what we've learned from the first half. 1.

Euro Zone Is Reason to Buy, Not Sell, SterlingWall Street Journal (blog)By Nicholas Hastings The euro zone may still be casting a nasty dark shadow over sterling, but there is still little reason to really sell the UK currency just now. On the contrary, the recent decline in sterling, triggered by concern that the Bank of ...

Trouble in Euro Zone Paradise?Wall Street PitThis is what Greek economist Yanis Varoufakis has called “cauterize and print”: Germany's belated epiphany is that, without a major redesign of the euro architecture, a number (>1) ofeurozone member states are irretrievably insolvent.

The Euro Zone's Austerity DilemmaWall Street JournalThe UK—outside the euro zone but also pursuing austerity—has promised three-quarters of its budget reduction will come from lower spending. Iain Begg, a professor at the London School of Economics, says he thinks the balance of spending cuts to tax ...Wall Street Journal

ECB chief defends eurozone austerityAFPFRANKFURT — European Central Bank (ECB) president Mario Draghi defended eurozone austerity on Friday in an interview and urged countries to press on with reforms despite a gloomy economic forecast. "There is no feasible trade-off" between economic ...AFP

Eurozone to contract by 0.3 per centThe IndependentThe economy of the eurozone will contract in 2012, according to the latest forecast from the European Commission. The executive body of the European Union says that the 17 members of the currency bloc will shrink by 0.3 per cent in 2012, ...

Eurozone set for mild recession, warns ECMyFinances.co.ukWorkers in Greece began a 48 hour strike today following demands by Eurozone ministers for the country to make more cuts in exchange for a financial bailout. The Eurozone is heading for a mild recession in 2012, latest predictions from the European ...

Greece leaving the eurozone is 'not a credible option'Montreal GazetteThe main issue facing Greece right now is whether the country can stabilize its economy, resume growth and remain within the eurozone, given how a disorderly default might threaten the survival of the zone itself. Against this backdrop, the Greek ...

Eurozone problems top G20 agendaeuronewsEurozone countries want their G20 partners to commit more money to the International Monetary Fund to help victims of the crisis. But a number of the G20 governments feel Europe must increase funding for its own financial firewalls before they back any ...euronews

The Euro Crisis and the Decline of EuropeAINA (press release)Greece, a member state of the EU and a member of the euro-zone, is now a candidate for ejection. Decades of cradle-to-grave socialism, a short work week and long vacation periods for European Union workers have taken a toll on the treasuries of the ...

Eurozone headed for 'mild recession' in 2012, EU saysSalt Lake TribuneThe eurozone economy as a whole will probably shrink 0.3 percent in 2012, the commission said, the region's second economic contraction since 2008, despite years of attempts to solidify the eurozone's economic standing. The eurozone's largest economies ...

ECB's Draghi Says Euro Zone Recovering SlowlyCNBC.comThe euro zone economy is on the mend after a very weak end to 2011 and there have been more positive signs over the last two weeks, European Central Bank President Mario Draghi was quoted on Thursday as saying. Asked if the positive signs had increased ...CNBC.com

EU's Juncker: Hopeful Greece Will Meet Conditions For BailoutWall Street JournalBy Andrea Thomas Of DOW JONES NEWSWIRES STRALSUND, Germany (Dow Jones)--Jean-Claude Juncker, head of the group of euro-zone finance ministers, said Friday he is hopeful Greece will meet the conditions required for it to receive its second bailout ...

Euro zone in recession, commission declaresIrish TimesTHE EUROPEAN Commission yesterday said the euro zone had entered its second recession in three years. Economics commissioner Olli Rehn insisted the recession was “mild” and that the European economy was showing signs of stabilising, ...Irish Times

Business Bites: Eurozone to dominate G20 meetingBBC NewsThe question of eurozone funding is set to dominate discussions between G20 finance ministers and central bankers as they meet in Mexico City. Eurozoneofficials want G20 partners such as China and Japan to put more money into the European stability ...BBC News

The Euro Crisis and the Decline of Europe | FrontPage MagazineBy Joseph PuderThe nations that made up the EU gave up a portion of their sovereignty to join a competitive and effective market, and in the process 17 euro-zone European nations (Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, ...FrontPage Magazine

New Economic Perspectives: Trouble in Euro Zone Paradise?By Mitch GreenGermany's belated epiphany is that, without a major redesign of the euro architecture, a number (>1) of eurozone member states are irretrievably insolvent. As for the two strategic choices, the first is Berlin's conclusion that German politics ...New Economic Perspectives

Expert: Look outside the eurozone — RTBy RTAfter the global crisis of 2008 and disturbances of 2011, investors around the world are puzzling over the best places to put their money. Alex Friedman, wealth manager at UBS, disclosed to RT a few home truths on investment opportunities in ...News RSS : Today

Greece (and the PIIGS) Are a MAJOR Problem... Even for the ...By Phoenix Capital ResearchGraham's note: this is an excerpt of a client letter I sent out to clients. Deutsche Bank trades on US stock exchanges and so has to publish SEC filings on its balance sheet risk. Well, according to Deutsche Bank's own filings, it had 1.6 billion ...ZeroHedge

Europe says goodbye to solidarity | Presseurop (English)Behind the name-calling that marks out Greece's relationship with its eurozone partners lies a complete breakdown of trust. Many Europeans – and I am not talking only about Germans – do not believe that politicians in Athens will keep their ...Presseurop

Grahnlaw: Transparency during the eurozone crisesBy GrahnlawDuring these last two years, no questions have been more central to the economic wellbeing of European citizens than the ongoing multiple crises in the eurozone, the efforts to contain the effects and to return to a path towards economic ...Grahnlaw

Raising Flags Over The Eurozone | iStockAnalyst.comAside from the obvious—the eurozone is experiencing some economic troubles—the estimate also sheds light on an underappreciated factor we frequently point out in this space. Europe continues to operate as a relatively multi-speed ...Home: iStockAnalyst.com Feed